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Nov 30, 2013 7:00am EST
these tax loopholes but they never list individual once to inform the public. is the loophole that companies can write off if they pay their ceos a certain amount of salary and the rest is in stock options, 10 million in stock options. that is a 100% right off for that company. we finish off this segment and continue on our program, our first guest will talk about efforts in congress, taking on the larger issue of changing the tax code. outof the legislators put specific ideas when dealing with corporate taxes. you'll talk about what is being done on the corporate that on the personal front. later on in the program, there it federall print -- prison sentencing guideline. later on ine bit this program, talking about that topic. i want to let you know about our newspaper -- are newsmakers program. ben nelson is now the ceo of the national association of insurance commissions. during the interview, he talks about the states decision and -- her it onthis information we have whether or not states are going to go along with the president's -- int or his suggestion think 17 states have decided to d
Nov 27, 2013 6:00pm PST
number 10 is a resolution authorizing the tax collector attorney to file suit against responsible relatives to recover value of services rendered at hospital facilities operated by the department of public health. >> john gibner, deputy city attorney, sorry to interrupt the calling of the items. item 10 is an item that was sponsored by the tax collector. it's a resolution that requires board approval to allow the tax collector to pursue a certain claim for a recovery of funds. the item probably should -- will be considered in closed session by this committee at a future date, but today it was scheduled on the agenda under the settlement portion of the agenda and because this item isn't a settlement, we'd recommend that the committee continue this item to the next rules committee meeting when you can consider it in a separately agendized closed session. >> okay, any questions about that, colleagues? >> no. >> seeing none, can somebody make a motion to continue. is there any public comment on this -- which item, all of them? just 10, right? >> 10. >> any public comment on item numbe
FOX News
Nov 30, 2013 2:00am PST
, we talk a lot about low taxes, right? that's one issue that republicans are very much on the forefront of. that argument worked in the '80s because in the 50s, 60s and 70s, we had a high-tax structure. but that's not the case so much anymore. that argument doesn't resinate with a lot of americans. >> what state do you live in? >> oklahoma. >> i live in new york. over 60 cents of every dollar i make goes to state, local, federal government, sales tax, property tax. 60 cents of it. wait, you said that's a low rate. >> no, no, no -- what i'm saying. >> you think 60 cents out of every dollar of the government's low? >> no, what i'm saying is that argument doesn't resinate powerfully enough. what we need to do is transition to a new tax argument such as realizing the real job creators in this country are low to middle class income americans who actually buy products and services. >> look at people like rand paul who are able to energize conservatives, young people. and it's because he sticks to his values. nothing to do about don't make a tax argument. it means getting real
Al Jazeera America
Nov 23, 2013 7:00pm EST
: tax experts say up to $7 billion of its fine could be considered as tax deductible. >>> a very different situation: any debt forgiven is treated like income or taxed like income. for the past seven years it hasn't been taxed. including one california woms who told -- woman who told her story to stacy 'ti tisdale. >> in 2010, well wells fargo red elisabeth's mortgage so she could afford her payment. under ordinary circumstances, elisabeth's would have nent a huge tax bill. >> $50,000 on taxes. >> if a creditor forgives your debt normally that's considered taxable income. >> but elizabeth and all of the struggling borrowers, were spared. foreseeing the financial disaster the tax laws could create. george w. bush siedged the mortgage -- signed the mortgage relief in 2011. >> it's a really good piece of legislation. >> a good piece of legislation that may not be able to help the borrowers who benefit from the $4 billion in consumer relief provided by the jpmorgan chase settlement. the mortgage forgiveness of relief act expires at midnight on december 31st, creating a financial nigh
Nov 24, 2013 9:00am PST
and the bonds will cause that rate to increase by 0.1 2% to 1.2 two and the other constraint is the property tax rate for the capital planning committee -- if approved that rate will remain within the constraint of the 2006 property tax levels, and is included in the fiscal year 14 tax rate for geo bonds and finally the resolution approved finance documents willing the official notice of sale and notice of intention to sale that announces -- provides legal notice of time and date of the sale and the issue nsance and approves the statement that provides investors with information concerning the bonds themselves and risks and securities and financials for the city and we intend to include the audit when it's available for investors [inaudible] that provides that notice to the investors as it occurs. i am happy to answer questions and we have other representatives here also. >> thank you. dpw do you have anything to present on this item or anything to add? if you don't that's okay too. we don't have questions at this point. mr. rose, can we go to the budget analyst report please. >> yes mr. cha
FOX News
Nov 30, 2013 3:00pm PST
hope so as well. thank you. >>> u.s. businesses criticizing a plan to simplify the tax code now being proposed by the senate's chief staff writer, tax writer. the plan would stop companies from deferring u.s. taxes on foreign earnings and also impose an immediate 20% tax on roughly $2 trillion in profits u.s. businesses gained overseas, as well as curtail businesses being able to quickly deduct certain expenses like advertising, bringing in kyle harrington, founder and managing partner of harrington capital management. good to see you. >> good to see you. >> so those businesses that are crying foul, explain to what it is they have to lose and also how would an crews the board, 35% tax on corporate profits hurt them? meanwhile, those in favor, how would they benefit? >> here is the thing, let's just start with this, the public needs to know, and i think they do, that the u.s. tax code is messy. it's complicated. the discourse and discussion that they're having now about how to work within the tax code and maybe alter the tax code is a great narrative to have. now, the businesses that c
Nov 28, 2013 10:00pm PST
the additional head room in that tax increment for this tax purpose so we've built approximately close to 1,000 today, but about 6,000 still exist, so it's the obligation and funding stream. if the city were to accept the obligation, it would have to identify a funding stream so it would be unwise for the city to accept the obligation without a source of funds to do it. >> okay. i think i have some more thoughts on that, but that's not part of this resolution so we'll move on to other questions. can you just also explain again sort of the separation of the income stream from mixed use property that is are being transferred? what does that mean? >> so disillusion laws provides for an ability for the oversight board to make a determination that if you had a mixed use as sets bra oversight board believed it was not a benefit to the community and it was a benefit to the taxing entities to separate that out in order to keep the revenue from the non housing youth, it could take those actions. in our particular case, the as setses that are mixed use, we believe there is a benefit to the community,
Nov 30, 2013 1:30am PST
board shall consider whether there is a benefit to the community and to the taxing entities for keeping those developments intact as they are or if there should be a revenue sharing great many such as the non housing uses were separated out. we're compiling a list of those assets. you can see them on the list you have. anything that says affordable low and income /photd rate housing commercial space. those are what we're talking about. most cases it's ground /tphror retail spaces or some cases they're non profit on the ground floor. any cases is offset expenses, they're integrated into the whole development. our staff recommendation is to find a finding that is to the benefit of the community and the taxing entities to keep these /tkefplts intact as they were developed. that condition /khraoudz my concludes my presentation and i'm available for any questions. >> thank you very much. i have one speaker card, charlie walker. >> he's gone. >> any other speakers? okay. thank you very much. i'll start off with a quick question. excuse me, i have no voice today. the replacement housing oblig
Nov 27, 2013 2:00pm PST
members. she remained very hard on two issues. she doesn't want new taxes, and she doesn't want new borrowing. i understand that means she wants to keep fiscal policy very much in her own hands and will probably want to have a finance minister from her own party. >> we will be getting back to you in just a minute. >> central to this agreement is its focus on no new debt and no increase in the tax burden. >> germany has been watching very closely other euro zone nations suffer from deep austerity measures and would rather rein in expectations. >> take a closer look now at some of the key issues that have been agreed on. >> money has been central to the talks, and the two parties agreed on two key issues. they will be no tax increases to fund campaign promises, and the goal is for germany not to rack up any new debt from 2015 onwards. the key aim is a stable budget. some of the main points are retirement. the two sides agreed on a minimum pension for people with low incomes that have paid pension contributions for decades. mothers who had children before 1992 will also receive higher
Nov 29, 2013 9:20pm EST
. efforts toclear that use regulatory power or taxes to change the price of various types of energy and i'm sure there's not a popular idea in oklahoma. proposals to do that are dead in the water right now. they probably cannot get the majority of votes from the democrats in the senate and they certainly will go nowhere in the house of representatives under republican leadership. things could change in a few years. our congress might pass the end of democratic control and that would be the prerequisite for anything coming up for debate in the congress. president barack obama has made it clear at this juncture that he plans to use executive authority and act through the epa for the remainder of his presidency. uncommitted on the part -- a commitment on the part of the u.s. to change would require congressional action for some kind of legislation. ben epa regulation can undermined if congress is determined to do that. my final question that i asked in the research exercise is, what can you imagine for another opening for action and what should happen if you happen to be someone who supports
FOX Business
Nov 24, 2013 5:00am EST
about his tax cut policy, which is what i think what you really want to talk about re is jfk who started out fairly conservative on tax cuts and he was not a onservative when it cae to government policy. so it is a mixed bag. >> he did go after this industry and the irony, i will get into this with my day in san fran david asman, the message that he was trying to convey. it was always about getting this united states off the map that the russians were beating us in space, we had kind of lost our prestige he was concerned about that and it was a slowdown that he wanted to bring us out of that but ironically with tax cuts and things that would be friendly to businesses, incling cuts in investment. so had he lived, do you think ultimately -- but those tax cuts did go into effect i did have thdesired effect but they said that they would? would be a success more than lyndon johnson ultimately would? >> let talk about this. because one of the things that's important to understand is when he first comes into office, he is concerned about deficits as are most americans and he was actually oppose
Nov 27, 2013 4:00pm EST
on thanksgiving and he'll justify that decision. >>> taxing matters or maybe not? do high state taxes chase away millionaires? some new stats are casting doubt on that. robert frank joins with us eye-opening details. >>> plus, take a look at this chart. we've already hit it but bitcoin breaking through the $1,000 mark. it has nearly quadrupled this month. will this end badly? how can it not? or will the doubters be proven wron or at least won over for the time being? we'll try to answer these questions. [ bagpipes and drums playing over ] [ music transitions to rock ] make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you open an account. ♪ [ male announcer ] 1.21 gigawatts. today, that's easy. ge is revolutionizing power. supercharging turbines with advanced hardware and innovative software. using data predictively to help power entire cities. so the turbines of today... will power us all... into the future. ♪ jane wells has been talking to consumers all day in huntington beach, califo
FOX News
Nov 28, 2013 1:00pm PST
've learned is that it is a tax. i mean, i wish they would have just -- john roberts said it's a tax and it's a tax, because there's no other way to look at it. so we're being asked to pay a $6,000 tax at the end of the year. and we haven't purchased it year. >> you're faced with this massive increase in cost, you've got to pay out this money, you've got no choice. are you going to cut back on something else, are you going to retrench in some way? war you going to do? >> well, of course we'll cut back. at 59 years old, the $6,000, we have a lot of uses for it. we've got a young son who's starting -- you know, he just got out of college, he's starting a career path, none of the kids are making much money. there are a lot of things we'll cut back on. but i think -- i think we'll think a little bit more about -- i don't use the doctor terribly much, but it does make one think a lot more about trotting off of doctor. >> i'll bet it does. >> linda, thank you very much indeed for joining us at a very difficult time. thanks for letting your anger out. we want to let people know how you feel. you d
FOX Business
Dec 1, 2013 2:00am EST
-part plan. part one -- i will agree with steve on this one. end all of the green energy tax deductions, tax credits, subsidiaries, boondoggles, mandates, loans to billionaires making -- >> okay. we get it. wind mil, ethanol, all th stuff. >> yeah. $80,000 electric car. >> second part of the plan. >> carbon tax. >> carbon tax? steve, i take it you don't agree with that one. >> david, this is just typical. they always find a way to pick your pocket. conjure up a crisis and pick your pockets. what we are experiencing now in temperatures has been going on since the 1600s, when we had the ice age. what is wrong with a little global warming? the fact of the matter is the weather on the planet has been changing for 4 billion years. long before we came along. you think of how much money, mike, we have been spending on the programs. we added it all up. it adds up to $90 billion. you see the chart. the spike in 2009 is pause of of -- because of the stimulus program on climate change, is. a lot of money. >> it is. d like to see the government to do more of what business does. i would like to see cost-
Nov 26, 2013 6:30am PST
a business plan. then we look at the three-year tax return and that statement. we do a lot of home care and mom-and-pop shops. we also do start ups. we asked for approval through documents. we work a lot with people who do not know how to file taxes properly. we are mainly focused in san francisco. we are small. we focus mainly on the tenderloin, chinatown, bayview, visitation. we do a lot of expansion. people start small through the credit union and then want to go to the bank. we know we are limited. we cannot afford to give out a big loan. starting from the credit union, we educate them about filing taxes properly and then moving on to the bank, a small one, expansion, and we work with the bank. the bank and credit union are similar. we do allow tax returns, projections. credit unions do not charge an additional loan or processing fee. processing time, on a small loan, -- consumer loans probably a few days. because we require a business plan, sometimes it takes longer. business plans take a while. especially bank statements. we need to see consistent income coming in. so far, a credi
Nov 25, 2013 5:30pm PST
no new taxes and secondly in the new borrowing. that means that the arabs in the things that they've agreed in principle with a one spend money on the poetics of that agreed in principle the various committees and going up this soft coalition agreement that helped to build ten began on a number of them have to go decent people financial considerations and that's what's going on now behind me they will all be green all the talks in seoul will infringe on the fact is is social democrats rankings files giving a vote on this when it's done. it was the chances that can actually get turned down. that's a very very interesting point brian and it's something that the media kara speculating about the atmosphere in that the posse cross fruits the center for democratic grassroots is apparently most people think the scent of this very little enthusiasm for this coalition and that's something that definitely going to wa read this as a democrat leadership. they are very clearly in favor of a coalition. they've gone a long way to a two agreement and they are putting their reputations at stake wh
Dec 1, 2013 6:30pm EST
because of the policies she puts into place. bobby jindal pushes every day on tax policy and regulatory climate for us to be more competitive. rick scott in florida, i guarantee you that guy is working double overtime to put policies in place that make me uncomfortable. but we understand, although it is uncomfortable, it will make us better. and at the end of the day, it is better for our citizens. i don't go to california to pimp jerry brown. i really don't. i go to pimp the legislature to do the things that are right for their people. unless we're there and talking about, listen, there is an alternative -- i mean, i am standing in laguna beach talking to 30 individuals who were curious about our little at a campaign and they came to listen to what we were talking about. and the sun is going down, touching the pacific -- laguna beach. we are at the montage hotel. what an incredibly beautiful part of the world. and i said that is exhibit a of how government could screw it up so bad that you would leave that. that is the type of competition that will make this country stronger. it is the
Nov 27, 2013 11:00pm EST
to morgan in california. >> boo-yah. my question is about taxes. i have a regular brokerage account, but as we are approaching, will be approaching the end of the year for someone who is just going to be starting to think about tax preferred, what would be a good place to start? >> i got to tell you, i don't want you to be thinking about taxes. in fact, one of the worst decisions i made was dictated by my broker saying it's time to switch out. please, just think about investments from the point of view of whether or not they're going to go up or not. we worry way too much about the tax man, and the one time i listened to my adviser, it was a huge mistake. i violated my own rules. todd in new york. >> hi, jim. i know you don't like writing covered calls, but riding in the money covered calls. recently came to my attention that riding covered calls is the same thing as shorting a put. could you please explain the difference? >> one has unlimited downside. one cuts off your upside. a lot of people sell calls. if you sell puts, you have unlimited downside in a big crash. never cut off t
Nov 27, 2013 8:00pm EST
kennedy then nearly passage of the tax bill for which he fought all this long year. [applause] this is a bill designed to increase our national income and federal revenue and to provide insurance against recession. that bill, if passed without delay, means more security for those now working. more jobs for those now without them. and more incentive for our economy. short, this is no time for delay. it is a time for action. [applause] strong forward-looking action on the pending education bill to help bring the light of learning to every home and family in america, strong forward-looking action on youth with opportunities, strong forward- looking action on the foreign aid bill, making clear that we are not forfeiting our responsibilities to this norsphere or to the world the racing executive flux ability in the conduct of our foreign affairs. [applause] flexibility in the conduct of our foreign affairs. [applause] strong, prompt and forward- looking action on the remaining appropriation bills. [applause] in this new spirit of action, the congress can expect the full cooperation
Nov 28, 2013 7:30am PST
. tax hikes have raised the hackles of his former supporters . click the pile of ash is already a meter high. for workers from this britney fish factory have been protesting its planned closure. they suddenly faced the bleak prospect of redundancy. >> it's a disaster for this region in the center of britney -- brittany. we've already lost food factories, and if they close this 1, 2, the whole area will collapse. >> denise is one of at least 200 workers. although it is an important regional employer, the promise of cheaper labor costs is enough to lower operations eastward to poland. t-shirts read, "we are angry." given that the company has just paid shareholders dividends, the anger is justified. they are fighting for fair compensation. >> in france, there are those at the top and those on the bottom. those at the top just ignore us, so we are protesting, especially in brittany, because people here are very attached to their region. >> the protests have spread far beyond the factory walls. a nearby town is awash with protesters in solidarity with their cause. they often depict red caps,
Nov 23, 2013 6:00pm PST
, and less than 2.5 percent. and obviously they are very competitive with the tax exempt financing. now clearly there is a repayment obligation on the part of the project sponsor and that is the upper right-hand side to repay, i am sorry, below that to repay the stake holders to pja to flow all of the funds to pay for the payment of the p3 developer and to whoever receives the fund and allocates those funds and to the design bill contractor and as well as the main nens provider and the design contractor and the many subcontractors to it and the maintenance can be a big job and it can begin for the life of the assets and any questions about the flowchart? >> yeah, i have a question about the flowchart. >> your p3 developers and your shareholders and maybe the dividends are backwards, but what is seems to me is that what the p3 developer gets out of this, is essentially what the pjpa has in the milestone and the availability payments. >> yes, sir. >> so what you are telling us, then, is that we can save so much money by going p3 that we can afford to put in a whole other layer of manageme
Nov 28, 2013 1:30pm PST
-- things that are assessable and that are not asssessable. there will be addressed for tax purposes. for every edition or every major permit, most permits we send to the assessor reporter's office. they have a staff who looks at building permits. they do not use the value that is on the building permit. that is our the dow elation purposes for charging fees. they have a whole mechanism for praising and assessing valuation. a horizontal addition and a vertical addition certainly will result in additional assessment. by the way,? are interesting because the rules change. if you are on the ground and it is a patio, it has different rules. if you lay a flagstone patio, you're not getting a permit for a deck. but if you build -- let us say you build a deck that is less than 30 inches off the ground. no permit is required. it does not go to the assessor reporter's office. between 30 and 36 inches off the ground, you need a permit. you can expand the entire size of your rear yard. if you are more than 36 inches off the ground, you have to meet the planning department open space requirement
Nov 24, 2013 11:00am EST
as what the most likely outcome is. i think the president's budget lays out a clear path with both tax reform and entitlement reform and replacing the sequester and i actually think the president's budget is a blueprint that were we to follow it would give the economy the kind of certainty and tail wind it needs to grow. you know, i don't want to get aed of the budget conferees, since the resolution of the debt limit in october, they've been meeting, senator murray and congressman ryan have been meeting. there is any number of possibilities that they could come out with, any number of sizes. it could be small, medium or large. i think that anything they do that shows that they can kind of work together to kind of chip away would be a kind of -- instill some confidence both in the process and in the substance. i don't want to jump ahead of where they are. the challenge on doing something really big is that both sides have to do something really hard. we've made clear that in order to do the kinds of entitlement reforms that are in the president's budget, it would require moving on tax r
FOX Business
Nov 24, 2013 2:00am EST
and potential big tax breaks for unions and a possible bailout for insurers, we're finding this out. a department of jtice brief showing the administration knew in 2010 that a huge percentage of employee-provided health plans would be canceled once the employer mandate kicks in. if you do the math, that adds up to about 80 million americans who could lose their policies once the employer mandate kicks in. so while the insiders g the breaks, do the rest of us just get broken? welcome to "forbes on fox." i'm david asman. sabrina schifer, elizabeth mcdonald, rick hunger and john canny. more special favors for friends, but are the rest of us getting shafted? >> yeah, you know, and we should have seen this coming. i mean, in the same 2010, president obama said in the run-up to congressional elections that electns are about rewarding your friends and punishing your enemies. so obama's friends get ese breaks. now here's the dilemma they are in. young people overwhelmingly supported president obama, and young ople, even young liberals, are very intolerant of two things. number one is techno
Nov 25, 2013 5:30pm PST
to avoid the excise tax imposed by the new health care law. it's known as the cadillac tax and hits the most generous health plans beginning in 2018. >> saying your insurance is too good, so we're going to give you a penalty is kind of outrageous to me. >> reporter: one survey of 1,000 businesses which employ more than 20 million americans found 60% said this looming tax is having a moderate or significant influence on benefits. the cadillac tax is designed to make companies and workers more cost conscious. the thinking is that if workers have to pay more expenses themselves, they will avoid unnecessary procedures. and that will bring down overall health costs. the president's top economic adviser insists the tax ultimately will hit only a small percentage of plans and four years from now. when employers notify workers they're saying one of the reasons for greater out of pocket costs is the new health care law. >> i don't see that at all. nothing in the law tells you that you need to raise copayments or deductibles. in fact, the law limits your ability to shift costs to your worker.
Nov 27, 2013 10:00pm PST
and the tax increment is fully pledged for this purpose of infrastructure and issue bonds when it's available. so, in order to check in with department of finance, we did have a meeting a few weeks ago to make sure that they felt comfortable with the process we are going through. we knew they wouldn't prove it on the spot. they did agree that this process was appropriate and these kinds of documents putting forward through you and the oversight board and there was every indication that they would look positively at this request going through to them. so, i will introduce the team members that we have present in a moment. but with the assistance of our financial advisor, we conducted an rfp for underwriteers, the management dell arose an and company and at the recommended writers for this deal. they were on this pool already and authorized pool for these types of activities. the attached resolution would confirm that recommendation. we also under the executive directors authority we did an rrp. you approved initially the bond council with steve mall with his firm. at that point we also selecte
Nov 26, 2013 7:00am PST
your business, with tax -- green your business, tax credits available with that. for non-profit, charitable organizations, we have a workshop coming up. that is helpful for those of you who are looking to access the committee on a durable basis. >> also, on behalf of leader pelosi, i want to thank our panel and her staff. we are tenants in this building. i apologize for the security situation that happened upstairs. if you have concerns about it, please come and see me. i would like to convey those to the landlord here so that it does not happen again. thank you. >> hi, everybody. my name is carmen chu. why don't we get started. with a marking up with the department of small business -- we have been working with the department of small business. this project started when we heard from neighborhood merchants. unfortunately, they had access issues, visibility access issues. we have been working closely with many of our partners year today to educate about these -- many of our partners year today to educate about these issues. also in terms of board guidance. i want to thank
Nov 27, 2013 12:00pm PST
not necessarily in support of doing away with our payroll tax to attract businesses -- to give a payroll tax exemption for new hires is not a good policy. changing from a payroll tax to a gross receipts tax, where it is not based on the number of employees you have and how much they are paid, but how much business you have, your business, is a better tax structure that does not harm businesses to hire more people. harman is a strong word, but does not attach the tax to your number of employees. it is a better structure, i believe. we do a lot of things to support businesses. muni improvements happening downtown, in the more distant parts of the city. supporting businesses. infrastructure we are putting in, sidewalks, lighting. all of this is important to businesses. lots of concentration on that in the downtown area. i see it as one of the big thing that we offer. we also have a pretty city. that attracts a lot of businesses. we have certain parts of the city that have really great thinking going on. you see california, as of state. our hospitals attract a lot of minds and attention. -- uc c
FOX News
Nov 25, 2013 2:00pm PST
earn -- who have a good job and earn a living don't want to pay taxes. you want to pay taxes for systems that work. when you talk about reform, it's actually to make things better to see if you can reduce costs. we knew -- we were called all sorts of names for saying this experiment was not going to work. now that it's not working, not only were you -- right to where you were before, now you're also accused of being selfish because you don't want to pay into a system that's not working. they're masters at pitting americans against each other. very unfortunate ball iternrtun not going to solve a single problem. >> i think it's time to stop talking. it's my piece of advice. try to come out every day and -- then something else goes wrong. the progressive tax system is redistribution. >> absolutely. >> you live under a progressive tax system, what -- and you accept it, i mean, i happen to be for a flat tax. if you believe in a progressive tax system, then you believe in redistribution. >> or you accept it and you don't necessarily -- >> well, it needs to go -- the further -- >> y
FOX Business
Nov 25, 2013 10:00pm EST
, they all came with major tax cuts and pro-growth policies, and this administration just does not do that. ashley: interesting, as a judge? i guess you mentioned taxes. we will talk about tax reform until we're blue in the face and now for a long time. are we ever going to get any meaningful tax reform to back. >> sure. we will give major tax reform, but you will have to wait until the political structure clears up. you have the elections in 2014 or i think they're republicans will pick up a number of seats in the house. then yap 2016 were i think he will get a major change. just so you know, aid is not a republican, democrat, conservative but just plain common sense economics. bill clinton did it right. ronald reagan did it. we just have to wait until 2017 to really get bipartisan work done in the house and the senate and with the president to create total tax reform, spending reduction, sound money, free trade and minimal regulation. get the heck of the wait and let the economy sell itself. >> a dirty word. >> i hope you're right. listen, the markets are going. they break a record on th
Nov 27, 2013 5:30pm PST
remained very hot on two issues she doesn't want new taxes and she doesn't want new borrowing i understand that as meaning that she wants to keep fiscal policy very much matter and hands and she will probably want to have a finance minister from iran policy john baxter was to fuel the beginning back to jax essential to this agreement is its focus on no new debt and of course no increase in attacks that germany has of course been watching very closely other eurozone nations suffer from the austerity measures and would rather rain in expectations and government markets. take a closer look now. some of the key issues that have been a treat. money has been central to the talks and the two parties agreed on two key issues. there won't be any tax increases to fund campaign promises and the goal for germany not to back up any new debt from twenty fifteen onwards the team is the steeple budget. some of the main points are breached. the two sides agreed on the minimum pension for people with low incomes who have paid pension contributions for delegates my kids who had children before nineteen ninet
Nov 26, 2013 6:00am PST
. she had had 16 tax cuts signed into law to help small businesses grow and thrive. as we know, during the last 15 years, small businesses account for about 2/3 of the job growth in our country, but when the bush recession hits in 2009, 2010, small businesses were hit particularly hard. small businesses are the center of her agenda. congress under her leadership gave 27 million small businesses tax cuts. two main pieces of legislation -- the small businesses jobs act in the information you have, will create a total of 500,000 jobs and create eight tax cuts. they are all described in the packet you have. also, unleashing up to $300 billion in credit for small businesses to access. there are another eight tax cuts that were passed through a number of different laws. some of our panelists will address those. even though now we are in an environment where there is a republican majority in the house and a slimmer majority in the senate, please note that the leader and democrats are going fight hard to keep their agenda and restart our economy, and there will be more work to be done. i would
Nov 27, 2013 6:00pm EST
and very low-income communities across the country. many of you have probably heard of the new markets tax credit program the work it's done over the last decade and a half. $33 billion worth of tax cuts going to the lowest income communities in the country. in addition to that we are providing hundreds of millions of dollars in grants to local cdfi's that are the ones working closely with microenterprises. so i'm not going to spend more time touting all the things that we have done. no doubt many of you know these programs yourselves. i will say that what i am most excited about is some of the things we have been working on recently. start up america, something the president help to launch a few years ago which is mobilizing billions of dollars of business resources to help launch hundreds of thousands of startups across the country. now we know that there are local startups, local start-up collaboratives that are part of start america partnerships all across the country. i think it was just a year and a half ago the president signed into law something he had been promoting for a while wh
Nov 25, 2013 2:30pm PST
and coughlin schemes, was wildly impractical. astronomical taxes would have been needed, taxes a depression-burdened america could never have paid. but fdr's plan, social security, would pay for itself. employers and employees would contribute to a pension fund. social security would be a national insurance policy for future generations of senior citizens, payable upon retirement. even fdr's relatively modest social security -- monthly benefits started at just $10 -- met powerful opposition. senator huey long thought the benefits were too low. he didn't think the employees should have to pay anything in. republican presidential candidate alf landon blasted social security as the biggest tax increase in history. fdr put all his prestige and popularity behind the social security bill. seems to me that if the senate and the house of representatives in this long and arduous session had done nothing more than pass this security bill, social security act, the session would be regarded as historic for all time. schoumacher: fdr was riding a crest of desperation and hope. social security rolled thr
Nov 23, 2013 7:30pm PST
payment in lieu of taxes through 1991-1992 to 2013-2014 from the housing authority from the city and county of san francisco. >> [inaudible] >> okay. go ahead. >> good afternoon supervisors. mr. chair, i am barbara smith, acting executive director of the san francisco housing authority and i am here to request a waiver of the pilot payments from the san francisco housing authority from 1991-1992 to 2013-2014 in the amount of $12 million which is approximately $550,000 a year for the past 22 years. pilot is payment in lieu of taxes and established in 1965 under an agreement between the housing authority and the city and county of san francisco. it was established in lieu of paying real and personal property taxes and special assessments. as 10% of rent payments charged to the housing authority's low income residents. it has previously been weighed by the board from these years listed and requested waivers but those requests weren't acted on. since that time the housing authority has not requested additional waivers and as i understand it the city has not included revenues for
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